Kadant's (KAI) Outperform Rating Reaffirmed at Barrington Research

Kadant (NYSE:KAI - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $410.00 price objective on the industrial products company's stock. Barrington Research's price target indicates a potential upside of 3.64% from the stock's previous close.

Kadant Stock Up 1.8 %

Kadant stock traded up $7.14 during trading hours on Friday, hitting $395.60. The stock had a trading volume of 2,393,747 shares, compared to its average volume of 182,034. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.64 billion, a P/E ratio of 40.49 and a beta of 1.29. Kadant has a 12-month low of $249.51 and a 12-month high of $429.95. The stock's 50-day moving average price is $362.92 and its 200-day moving average price is $349.99.

Kadant (NYSE:KAI - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.17. Kadant had a net margin of 11.12% and a return on equity of 15.10%. Equities research analysts anticipate that Kadant will post 10.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Synovus Financial Corp raised its holdings in shares of Kadant by 1.7% during the fourth quarter. Synovus Financial Corp now owns 1,761 shares of the industrial products company's stock valued at $608,000 after purchasing an additional 29 shares during the last quarter. Bank of Montreal Can grew its position in Kadant by 3.2% during the fourth quarter. Bank of Montreal Can now owns 1,187 shares of the industrial products company's stock valued at $410,000 after buying an additional 37 shares during the period. Zhang Financial LLC grew its position in Kadant by 0.8% during the fourth quarter. Zhang Financial LLC now owns 5,256 shares of the industrial products company's stock valued at $1,813,000 after buying an additional 40 shares during the period. Franklin Resources Inc. grew its position in Kadant by 1.0% during the third quarter. Franklin Resources Inc. now owns 4,510 shares of the industrial products company's stock valued at $1,483,000 after buying an additional 44 shares during the period. Finally, Trust Point Inc. grew its position in Kadant by 1.1% during the third quarter. Trust Point Inc. now owns 4,178 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 45 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Kadant Company Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.